Unit 005, 24 Hawthorne Drive, Frankton Unit Titled Ground Floor Retail

Available PropertyFiles:

  • /Body Corporate/
    • BC 497988 497989 and 497990 - 29.8.2019 AGM Minutes.pdf
    • BC 497988-497990 - 27.8.2020 AGM Minutes.pdf
    • BC 497988-497990 - 30.08.2021 AGM Minutes.pdf
    • BC Rules (Retail).pdf
    • Pre Contract Disclosure statement 16 May 2022.pdf
  • /Information Memorandum/
    • Information Memorandum - Unit 5, 24 Hawthorne Drive.pdf
  • /LIM/
    • LIM.pdf
  • /Land Covenant/
    • 10059351.3.pdf
    • 10059351.6.pdf
    • 10402645.5.pdf
    • 10404894.6.pdf
    • 7098676.2.pdf
    • 9022448.7.pdf
  • /Outgoings Schedule/
    • Estimated Outgoings May 2022.xlsx
  • /Photos/
    • DSC_0220.JPG
    • DSC_0221.JPG
    • DSC_0222.JPG
    • IMG_5139 - interior (1).jpg
    • IMG_5139 - interior (2).jpg
    • IMG_5139 - interior (3).jpg
    • IMG_5724.JPG
  • /Plans/
    • 4632.1O.1A PU5 Ramada Suites - Rentable areas (1).pdf
    • Unit Plan.JPG
  • /Record of Title/
    • Record of Title - Unit 5, 24 Hawthorne Drive.pdf
  • /Sale & Purchase Agreement/
    • Sale and Purchase Agreement - Unit 5, 24 Hawthorne Drive.pdf

Property Description

Attractive corner retail unit located on the Ground Floor of the Ramada Remarkables Suites within Remarkables Park Frankton to market. The Ramada Remarkables Suites is a modern hotel located in Frankton in close proximity to the Remarkables Park Shopping Centre and Queenstown Airport.

Unit 5 comprises of two shop tenancies on the north-western corner of the building having a good profile to the main vehicular entrance to the hotel and the laneway that access the adjoining Holiday Inn and Wyndham Garden Hotel developments. The subject units are fully lined, with one comprising a restaurant fit-out and the corner premises with a retail store fit-out.

Surrounding tenancies include a physio, cafe, Thai restaurant, laundromat, and library. The subject unit has frontage to the northwest and to the southwest which opens into the common area of Ramada Suites. Each shop has a courtyard accessory unit to the northwest.

Investment highlights include:

• Ongoing redevelopment in the surrounding area with the Innovation Hub under construction nearby
• 115.1sqm of lettable floor area
• Owner-operator possibilities after lease expiries
• Ground floor unit title - two separate tenancies
• Modern good quality building
• 2/9th share of 19 car parks

Shop 5 - Hallenstein Trust Company Ltd $46,500.00 p.a plus GST (on a gross lease basis).
Shop 6 - Franks & Go Ltd - $50,083.85 p.a plus outgoings plus GST.

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Contact Sharee Aitken

Colliers Otago (NZ) Limited

0220 100 801   sharee.aitken@colliersotago.com   All Listings